KKR Invests in BookMyShow: BigTree Entertainment Private Limited, the company that owns and operates BookMyShow, has secured an investment from global investment firm KKR, marking an important development for the Indian entertainment platform.
Under definitive agreements signed by the parties, funds managed by KKR will acquire a minority stake in BookMyShow.
Trilegal advised BookMyShow on the transaction, while AZB & Partners acted as legal counsel to KKR.
The proposed transaction is also subject to approval from the Competition Commission of India (CCI) prior to closing.
🔑 Key Takeaways
- KKR-managed funds will acquire a minority stake in BookMyShow.
- BigTree Entertainment Private Limited owns and operates BookMyShow.
- Trilegal advised BookMyShow from the term sheet stage through execution.
- AZB & Partners advised KKR on the investment.
- Trilegal’s competition law team is advising BookMyShow on the required CCI approval.
- The investment is expected to support BookMyShow’s next phase of growth, including the expansion of its live entertainment business in India.
💼 KKR to Acquire Minority Stake in BookMyShow
The investment is being made pursuant to definitive agreements under which funds managed by KKR will acquire a minority interest in BookMyShow.
For BookMyShow, the investment is expected to provide support for its next stage of growth as the company continues expanding beyond its core ticketing operations.
One of the key areas of focus is expected to be live entertainment, alongside BookMyShow’s broader entertainment offering across India.
The transaction has been signed but is subject to regulatory approval before closing.
⚖️ Trilegal Advises BookMyShow on KKR Investment
Trilegal acted as legal counsel to BookMyShow on the investment, advising the company from the term sheet stage through execution of the definitive transaction documents.
The firm’s work included drafting and negotiating the transaction documentation, coordinating with BookMyShow’s internal stakeholders and other transaction advisors, and advising on regulatory matters connected with the investment.
The mandate therefore covered multiple stages of the transaction, from the initial commercial framework through the signing of the definitive agreements.
👨⚖️ Trilegal Transaction Team
The Trilegal transaction team was led by:
- Amit Khansaheb — Partner
- Pratyush Singh — Partner
- Shaurya Jain — Senior Associate
- Neha Koppu — Senior Associate
- Riya Thawani — Associate
- Mukund Agarwal — Associate
🏛️ Trilegal Advises on CCI Approval
Trilegal’s competition law team is also advising BookMyShow in connection with the regulatory approval required from the Competition Commission of India (CCI) before the transaction can close.
The competition law team comprises:
- Rudresh Singh — Partner
- Divye Sharma — Counsel
Accordingly, completion of KKR’s proposed investment remains subject to the required competition regulatory process.
🤝 AZB & Partners Advises KKR
AZB & Partners acted as legal counsel to KKR on its proposed investment in BookMyShow.
The AZB & Partners transaction team comprised:
- Roxanne Anderson — Senior Partner
- Yashaswi Rohra — Senior Associate
- Siri Harish — Associate
- Devanshi Patel — Associate
The mandate adds another significant investment transaction to the firm’s corporate practice.
🎟️ BookMyShow’s Journey Beyond Movie Ticketing
Established in 2007, BookMyShow has developed from a ticketing platform into a broader entertainment business spanning movies, live entertainment and experiences.
Its business combines technology, consumer reach and entertainment-industry capabilities to connect audiences with a range of entertainment offerings.
A significant part of this evolution has been BookMyShow Live, the company’s live entertainment experiences division.
BookMyShow Live operates across the live entertainment value chain, with activities including talent and intellectual property acquisition, production, promotion, partnerships and audience development.
This expansion has helped broaden BookMyShow’s positioning beyond its roots in movie and event ticketing.
🚀 What the KKR Investment Means for BookMyShow
KKR’s investment is expected to support BookMyShow’s next phase of growth, particularly as the company continues expanding its live entertainment operations and wider entertainment offering in India.
The investment comes as BookMyShow continues to develop a more diversified entertainment ecosystem encompassing digital ticketing, movies, live events and consumer experiences.
The backing of KKR-managed funds could provide additional support as the company pursues its growth strategy and builds its presence across the Indian entertainment market.
📈 What Happens Next?
While definitive agreements have been signed, the transaction has not yet been described as completed.
BookMyShow is required to obtain approval from the Competition Commission of India before closing the transaction.
Trilegal’s competition law practice is advising the company through this regulatory process.
Following the required approval and satisfaction of applicable closing requirements, KKR-managed funds are expected to acquire the agreed minority stake in BookMyShow.
❓ Frequently Asked Questions
Who is investing in BookMyShow?
Funds managed by KKR are set to invest in BookMyShow by acquiring a minority stake under definitive agreements signed by the parties.
Who owns BookMyShow?
BookMyShow is owned and operated by BigTree Entertainment Private Limited.
Which law firm advised BookMyShow on the KKR investment?
Trilegal advised BookMyShow on the transaction from the term sheet stage through execution. Its competition law team is also advising on the CCI approval process.
Which law firm advised KKR on the BookMyShow deal?
AZB & Partners advised KKR on its investment in BookMyShow.
Has KKR’s investment in BookMyShow been completed?
The parties have entered into definitive agreements, but the transaction requires approval from the Competition Commission of India before closing.
What will BookMyShow use the KKR investment for?
The investment is expected to support BookMyShow’s next phase of growth, including the continued expansion of its live entertainment business and broader entertainment offering across India.
